$XMAX

$8.38 -$0.28 (3.23%) Close

$XMAX Overview Financial Statements SEC Filings Executives News Red Flags Capital Raising Ownership Insider Transactions Congressional Trades

Ownership

13F as of Q2 2026 · 64.5M shares outstanding

Who owns XMAX?

By type of holder

Institutions 20.8% Insiders 0.1% Everyone else 79.1%

Concentration Top 10 holders own 18.0%

BlackRock, Inc. 6.9% · Vanguard Capital Management LLC 3.9%

Institutional ownership

20.8%

+11.6 pts vs last qtr

Institutional holders

+24 vs last qtr

Net shares bought

+7.5M

by institutions in Q2 2026

New / sold out

36 / 12

positions opened vs closed

How is ownership changing?

Institutions, last 8 quarters

Biggest buyers in Q2 2026

BlackRock, Inc. +3.9M
Geode Capital Management, LLC +1.0M

Biggest sellers in Q2 2026

Millennium Management LLC SOLD OUT −367.6K
Susquehanna International Group, LLP SOLD OUT −339.6K

Who is planning to sell?

No insider has filed a notice of proposed sale (Form 144) for XMax Inc in the last 12 months.

Is your stake being diluted?

Diluted share count, FY2015–FY2025

+655.2%

+25.19% a year

Each share's claim on the business

−86.8%

shrank without buying or selling a share

Spent on buybacks vs paid in stock

$616K vs $12.1M

over 10 fiscal years

Diluted shares, split-adjusted

Buybacks Stock-based comp

How patient are the owners?

Institutional shares by how long they've been held

5+ years0% 3–5 years33% 1–3 years16% Under 1 year51%

Quarterly turnover

93.0%

of institutional shares changed hands

Top 10 managers, median time held

3 quarters

Super Investors

Investment managers reporting XMAX on Form 13F

Holder	Shares	% of company	Change vs last qtr	Held since	% of their book
B BlackRock, Inc.	4.4M	6.86%	+3.9M (+714.3%)	2023	0.0%
Shares held by quarter Peak holding4.4M (Q2'26) Change over 8 quarters+4.4M Share of the company6.860% BlackRock, Inc.'s full portfolio →
VC Vanguard Capital Management LLC	2.5M	3.85%	+933.1K (+60.1%)	Q3 '25	0.0%
Shares held by quarter Peak holding2.5M (Q2'26) Change over 8 quarters+2.5M Share of the company3.850% Vanguard Capital Management LLC's full portfolio →

BlackRock, Inc.

4.4M

% of company

6.86%

Change vs last qtr

+3.9M (+714.3%)

Held since

2023

Vanguard Capital Management LLC

2.5M

% of company

3.85%

Change vs last qtr

+933.1K (+60.1%)

Held since

Q3 '25

28 more super investors behind a free account

See every manager holding XMax Inc, how their position has changed, and how long they've held it.

Institutional Funds

Mutual funds and ETFs reporting XMAX on Form N-PORT; together they hold 10.6% of the company

Fund	Position value	Shares	% of company	% of the fund	As of
VT Vanguard Total Stock Market Index Fund Vanguard Index Funds	$15.6M	1.7M	2.65%	0.00%	June 30, 2026
IR iShares Russell 2000 ETF iShares Trust	$14.4M	1.6M	2.46%	0.02%	June 30, 2026

Vanguard Total Stock Market Index Fund

Vanguard Index Funds

Position value

$15.6M

% of company

2.65%

% of the fund

0.00%

As of

June 30, 2026

iShares Russell 2000 ETF

iShares Trust

Position value

$14.4M

% of company

2.46%

% of the fund

0.02%

As of

June 30, 2026

23 more funds behind a free account

See every fund holding XMax Inc and how much of the fund the position is.

Insiders and 5%+ holders

From Forms 3/4/5 and Schedules 13D/G

Holder	Shares	% of company	Change vs last qtr	8 quarters	Held since	% of their book
SM Su Min Insider	61.2K	0.09%	—	—	—	—
Insider holdings come from Form 3/4/5 filings, which are not quarterly. Share of the company0.090% Su Min's insider activity →

Su Min

Insider

61.2K

% of company

0.09%

Change vs last qtr

—

Held since

—

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